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Record Revenue, Yet Still Running A Deficit
The government is still running more than a half-trillion dollar deficit right now, with one month left to go in the fiscal year, despite record revenue being hauled in. CNSNews reports that...
View ArticleThe Obamacare Penalty Fee For Your 2014 Tax Filing
If you are one of the millions of Americans who declined health insurance and decided to pay the fee tax fine penalty, be aware that it will be a part of your 2014 tax calculations — and beyond. The...
View ArticleDems Run Away From Obamacare Penalty They Imposed; New Enrollment Session Added
I’ve hinted that the Obama Administration and Democrats are now worrying about the backlash regarding the Obamacare penalty. This is the first year Americans who did not purchase health insurance will...
View ArticleMore Burdensome Tax Compliance For Expats
If you are an American living abroad — dubbed an “expat” — you are still expected to pay income taxes and file income tax reports to the IRS. The United States is the only country in the world that has...
View ArticleChristie’s Tax and Growth Plan
As Chris Christie is still contemplating a 2016 presidential run, he recently posited a tax reform plan that differentiated himself from many of the other possible contenders. His platform was...
View ArticlePaying For TAA Through Tax Penalties
One of the major sticking points regarding the free trade talks is a portion known as TAA, or “Trade Adjustment Assistance”. “The Trade Adjustment Assistance (TAA) Program is a federal program that...
View ArticleNYT: Affordable Care Act Becoming Unaffordable
In an effort to encourage people to sign up for the Affordable Care Act, the Obama Administration has boosted the low cost of premiums — the part that is subsidized. What they aren’t mentioning is that...
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An Updated Obamacare Analysis
Today, Forbes did an updated analysis of the current state of Obamacare, as the enrollment numbers are trickling in. The news is rather poor: “To briefly recap this year’s enrollment figures, late...
View ArticleSocial Security: Not a Tax
Whenever tax reform, tax packages, or tax changes get discussed and debated, the focus is always on “the middle class.” While this sounds noble, the reality is that the middle class already pays very...
View ArticleWhy the Individual Mandate (Tax!) Needs To Go
While we’re on the subject of tax reform, one particular item that could be included in the package is the elimination of the individual mandate. Since SCOTUS classified the penalty as a tax, it is...
View ArticleMore on the GOP Clawback Proposal
This clawback, like the Pease Amendment , is hidden in a calculation. This is fraudulent — it intentionally tries to deceive. and tax law should not try to deceive taxpayers. With this maneuver, the...
View ArticleThe Real Problem With the Payroll Tax
I was disappointed to read “How the Bidens Dodged the Payroll Tax” last week in the WSJ, not because Biden is a good guy, but because the author of the screed, Chris Jacobs, gets it all wrong. Those of...
View ArticleOverpaid Executive Tax
One of the most outrageous and economically stupid measures to pass on Election Day came out of San Francisco: a new tax called the “Overpaid Executive Tax.” It’s really as bad as it sounds. This law...
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